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Within five years, it became the country’s biggest commission-free real-estate bazaar. Between 1999 and 2010, ForSaleByOwner.com saved home sellers more than one billion dollars in brokers' commissions. In 2010 alone, ForSaleByOwner.com facilitated sales of $1.8 billion worth of residential real estate.
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[144] [145] In South Korea the public Korea Land & Housing Corporation has provided homes to 2.9 million households which is 15% of the national total of 19.56 million households. This includes 2.7 million newly built public housing units and 1.03 million rental homes of which 260,000 were purchased or rented by the Land and Housing Corporation.
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The steady rise in population and the demand for housing has led to a dramatic increase in the building of single-family homes on parcels of 0.25 acres (1,000 m 2) or more, as opposed to the construction of high-density development such as multi-story apartment or condominium buildings. This low-density development has caused sprawl in the ...
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